First Tractor Company Limited provided earnings guidance for the six months ended 30 June 2018. The net loss attributable to the shareholders of the company for the six months ended 30 June 2018 is estimated to be RMB 140 to RMB 170 million, turning profit to loss. The net loss attributable to the shareholders of the Company after deducting non- recurring profit or loss for the six months ended 30 June 2018 is estimated to be RMB 230 to RMB 260 million. In the first half of 2018, due to a combination of adverse factors, the tractor market has shown a downward trend since last year and was still in deep adjustment. The sales volume of hi-powered and mid-powered wheeled tractors by core enterprises and the Company recorded a year-on-year drop of 22.6% and 13.4%, respectively. Meanwhile, the production cost of the company's leading products increased as the price of raw materials such as steel kept rising, contributing to a loss in results for the first half of the year.